submitted by the Philippines
The Asia Pacific Parliamentary Forum Sixth Annual Meeting,
Recognizing that energy and electric power consumption are essential inputs in all economic activities;
Noting that approximately sixty-five percent (65%) of our energy resources is petroleum based, almost all of which comes from foreign sources, thereby expending tremendous amounts of foreign currency for it;
Concerned over the price of oil which has been raised to astronomical levels and threatens to turn into a disturbing social, economic and political upheaval;
Convinced that a country cannot rely on an energy program fuelled by oil, but must embark on and pursue bold alternative energy strategies;
Realizing that the policy of Asian Nations on energy conservation can never be the permanent solution to the energy problem;
Encourage APPF member countries to give priority to energy development program.
Call upon APPF governments to support and expand indigenous energy production.
Urge APPF governments to adopt a policy on the search for indigenous alternative energy sources which could lead to energy self-sufficiency.